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A brokered CD is a certificate of deposit you buy through a brokerage firm, instead of from a bank or credit union. Like traditional CDs, you choose a term length that comes with a set interest rate.
Your money saved in these accounts is insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), if deposited with a credit ...
The Federal Reserve increased interest rates to combat inflation, causing CD rates to surge — they started at around 4% in 1971 and reached nearly 13.5% by the end of 1979. The 1980s
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates.
Best CD rates today: Enter 2025 with guaranteed yields of up to 4.27% APY on terms of 12+ months — Dec. 31, 2024
MidFlorida Credit Union (stylized as MIDFLORIDA) is a credit union based in Lakeland, Florida. MidFlorida has 58 locations throughout the state of Florida, 421,180 members and $6.05 billion in assets as of December 31, 2021, [ 1 ] making MidFlorida the fourth-largest credit union in the state of Florida. [ 2 ]
Today's certificates of deposit guarantee a high rate of return on your principal at the end of an agreed-on term — the best CDs paying rates that outpace inflation by up to 2 percentage points.
When institutions are covered by this federal insurance, CDs and share certificates are each insured for up to $250,000 per depositor, per insured bank or credit union, for each account ownership ...